document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1033126>Question 1033126</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If you deposit $1800 in an account paying 2.3% interest for \"t\" years, what is the equation for the amount of money at time \"t\"? When will the account have $2500?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #647771 by </B><A HREF=/tutors/aboutme.mpl?userid=fractalier><B>fractalier(6550)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=fractalier><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=fractalier><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=647771\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If this is simple interest, then<BR>\n" );
document.write( "interest I = Prt<BR>\n" );
document.write( "The total will be P+I at that point, t years in the future...so<BR>\n" );
document.write( "Total = 1800 + 1800(.023)t<BR>\n" );
document.write( "Now if we set that equal to 2500, we get<BR>\n" );
document.write( "2500 = 1800 + 1800(.023)t<BR>\n" );
document.write( "700 = 41.4t<BR>\n" );
document.write( "t = 700 / 41.4 = 16.9 years<BR>\n" );
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